I am definitely not an expert in crypto. I have just been reading about it alongside studing the school of pipsology.

I think that since the Crypto industry is so volatile, the top three coins in the beginning of 2018 may not be the same as the top three by the end of the year (assuming that this market doesn't collapse by then).

I agree that it's a marathon and not a sprint. But I don't want to HODL when I see it going down. I used to believe in HODL too. Then I learned that sometimes it's better to take profit/cut loss and buy back lower. Take for example NEO. It was around $140+ just 15 days ago. Today it's at $60+. If I kept it I would still have the same number of NEO vs now that I have extra $$$ to buy more.

Well, like in all trading - if you can determine the best buy-in and sell-out points - you will always be a profit. In my case - i'd be at a huge loss, and since the crypto trading for me is more of a long term experiment rather than an income source I prefer holding it and waiting to see what happens in the next couple of months. Everybody has to decide for themselves. What works for me may (and most likely will) not work for others.

Everybody has to decide for themselves. What works for me may (and most likely will) not work for others

True.

bradley79:

In my case - i'd be at a huge loss, and since the crypto trading for me is more of a long term experiment rather than an income source I prefer holding it and waiting to see what happens in the next couple of months.

I bought a little BTC at $16,000-$17000. Why? Because the FOMO is REAL! That, I have no choice but to HODL.

My main coin is ETH because I mine it and I truly truly truly believe in ETH. But then I can't HODL seeing that it's going down so bad and not bouncing as well as the other top coins. I have to trade it to pay for my expenses in mining. That's my story.

I bought a little BTC at $16,000-$17000. Why? Because the FOMO is REAL! That, I have no choice but to HODL.

You can always buy the dip and average out the price of your initial investment. Example: you bought 1 BTC at 16k Now at 8k you buy 2 more. That would make your break even level at - 10666,66. I got into ETH at 945$. That being said it's only 0.05 ETH (about 50$ at that time), so now I`ll just hold it until it bounces back. Which it will once the massive exploit that was uncovered last month is patched.

CoinLady:

I have to trade it to pay for my expenses in mining.

Why don`t you just move the mining power to another coin like Monero or Dash?

You can always buy the dip and average out the price of your initial investment.

That's the plan. Let's see how this one plays out. I have a feeling that this isn't the bottom.

bradley79:

I got into ETH at 945$. That being said it's only 0.05 ETH (about 50$ at that time), so now I`ll just hold it until it bounces back. Which it will once the massive exploit that was uncovered last month is patched.

I hope everything works out because mining difficulty is high, electricity is high, and ETH is low.

bradley79:

Why don`t you just move the mining power to another coin like Monero or Dash?

I agree. When the price of BTC was still $9,800, the guy I follow on twitter (not sure if I'm allowed to mention his Twitter handle) said it would play out as: down to $8,700-$8,800 > bounce to $9,400-$9500 > down to $7,700-$7,800 > bounce to $8,400-$8,500 > down to $7,200. So far only the movement downward to $7,200 hasn't happened yet. But who knows what's going to happen? Only time will tell... How about you what do you think is next?

Have you even read the article? It is absolutely senseless and the author has no idea what he is speaking about: he says they don't have pages in social nets while I'm subscribed to their official Twitter and Fb pages and read their bitcointalk thread; he says their website is fake, but it doesn't seem to be fake at all; his only argument is that their airdrop is suspicious - omg! He looks like he has never received airdrops before)